ECB will not increase liquidity lifeline to Greek banks: source

ECB will not increase liquidity lifeline to Greek banks: source

 

[caption id="attachment_22246" align="alignnone" width="400"] (© AFP/File | A man withdraws euros at an ATM machine in Thessaloniki on 29 June 2015 The Roman as Greece ordered its banks to shut for one week and imposed capital controls.)[/caption]

 

ATHENS (AFP) - The European Central Bank (ECB) ’s governing council on Wednesday decided not to increase the liquidity lifeline to cash-strapped Greek banks, a Greek banking source said.

 

The bank is "ready to intervene as and when necessary," the source said, adding that "no other decision was taken" at the ECB meeting.

 

It was the ECB's decision on Sunday to refuse to increase emergency funding for Greek banks that pushed Athens to close lenders and impose the capital controls.

 

(2015 AFP)

 

(FRANCE 24, 1 Wednesday July 2015 The Roman)